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These items are taken from the financial statements of Sheffield Corporation for 2022.

Retained earnings (beginning of year)		$34,870
Utilities expense		2,180
Equipment		69,870
Accounts payable		19,960
Cash		11,460
Salaries and wages payable		4,110
Common stock		12,000
Dividends		12,000
Service revenue		70,780
Prepaid insurance		4,610
Maintenance and repairs expense		1,620
Depreciation expense		3,370
Accounts receivable		13,360
Insurance expense		2,430
Salaries and wages expense		39,780
Accumulated depreciationequipment		18,960

(a1)

Prepare an income statement for the year ended December 31, 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

SHEFFIELD CORPORATION Income Statement choose the accounting period For the Year Ended December 31, 2022 For the Month Ended December 31, 2022 December 31, 2022
select an opening name xxxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxx xxxxxxxxxxxxxxx xxxxxxxxxxxxxxx
enter an income statement item		$enter a dollar amount

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